Category : Featured

Eastern Consolidated ramps up retail services

REW Staff January 21, 2014 January 21, 2014

by REW StaffJanuary 21, 2014January 21, 2014893

Eastern Consolidated has launched a new retail leasing division. The new department, which specializes in both tenant and landlord representation, will complement its retail investment sales division. Members of the new retail division have already completed leases on behalf of Eastern Consolidated for some of the city’s hottest restaurants and clubs, including 1Oak Meatpacking at 453 West 17th Street, Goldbar at 389 Broome Street, and Markt in Chelsea, located at 676 Sixth Avenue.

Featured Residential

Runaway car ploughs into brokerage storefront

REW Staff January 21, 2014 January 21, 2014

by REW StaffJanuary 21, 2014January 21, 2014719

An out-of-control car ploughed into the storefront office of residential brokerage firm BOND New York on Monday. The accident happened Monday afternoon, when a car heading south on 2nd Avenue between 78th and 79th Street jumped the curb and careened through the front of BOND’s offices at 1500 2nd Avenue.

Deals & Dealmakers Featured

Stillman JV buys $82M UES site, plans mixed-use tower

REW Staff January 21, 2014 January 21, 2014

by REW StaffJanuary 21, 2014January 21, 2014836

Stillman Development International and retail investor and developer Ceruzzi Properties LLC, have entered into a joint venture agreement to purchase 151 East 86th for $82 million. The developers are planning to construct a 210,000 s/f skyscraper with approximately 21 stories that will house retail, including a New York Sports Club, on the first four floors of the building with residential condominiums above.

Deals & Dealmakers Featured

Green ‘humbled’ by REBNY honor

REW Staff January 16, 2014 January 16, 2014

by REW StaffJanuary 16, 2014January 16, 2014677

One of the city's most successful investors, Steve Green said he is humbled by the honor bestowed on him by REBNY and grateful to his peers for selecting him. The chairman of SL Green Realty and the recipient of this year's Bernard H. Mendik Lifetime Achievement Award was a prodigy of Mendik when he began his real estate career over 30 years ago. “ I have always valued my REBNY affiliation – as a member, as a Governor and most recently as a member of the Executive Committee,” he said.

Deals & Dealmakers Featured

The son rising with first hotel venture

REW January 16, 2014 January 16, 2014

by REWJanuary 16, 2014January 16, 20144426

Real estate scion Matt Moinian is stepping out his father’s shadow with the launch of his first solo project since joining the family business. The 29-year-old senior vice president at the Moinian Group — a firm founded by Joseph Moinian in 1982 that today owns and operates a portfolio in excess of 20 million square feet of assets valued at $10 billion across the U.S. — will open the boutique Hotel Hugo on the corner of Spring and Greenwich in Soho next month.

Editorial Supplements Featured

What has REBNY done for me lately?

REW Staff January 16, 2014 January 16, 2014

by REW StaffJanuary 16, 2014January 16, 2014

WILLIAM MONTANA By William C. Montana, Chairman, Commercial Board of Directors, Managing Director, Studley As the current Chairman of REBNY’s Commercial Board of Directors, my friends and … Continued

Deals & Dealmakers Featured

Allied World Insurance leases 143,000 s/f at downtown Resnick tower

REW Staff January 15, 2014 January 15, 2014

by REW StaffJanuary 15, 2014January 15, 2014788

Allied World Insurance Company has signed a 143,297 s/f lease at Jack Resnick & Sons' 199 Water Street. The insurer - currently a subtenant in the building - will occupy four floors, from the 23rd to 26th, when the new direct lease,commences on January 1, 2015.

Deals & Dealmakers Featured

Donald Trump: He’s much nicer than you think

REW Staff January 15, 2014 January 15, 2014

by REW StaffJanuary 15, 2014January 15, 20142013

Donald Trump, chairman of The Trump Organization, paints a very healthy picture for the New York real estate market this year and beyond. “Everyone wants to be in this city right now,” he says. “Everyone loves investing here.” At 67 years old, Trump shows no signs of slowing down himself and has a plethora of projects on the go, including the Trump Golf Links in the Bronx. And as he reflects on his career, and the phenomena of the Trump name, he said, “I’m actually a much nicer person than people think I am."

Deals & Dealmakers Featured Headline

Applause, applause for Larry the fable guy

REW Staff January 15, 2014 January 15, 2014

by REW StaffJanuary 15, 2014January 15, 2014827

Veteran real estate developer Larry Silverstein elicited thunderous applause from a New York Building Congress audience on Monday when he recalled the days of Ed Koch, 70s stagflation, the September 11 attacks and the great recession. On the same day he secured $340 million on Bond money to finish 3 WTC and named Marty Burger CEO of his company, Silverstein said, "What we are experiencing today is part of the natural progression of a dynamic city that is constantly facing new challenges and opportunities. “I’ve been through a lot of the up-and-down cycles ... and there are some benefits to getting old."

Deals & Dealmakers Featured

Home builders cement economic recovery

REW Staff January 15, 2014 January 15, 2014

by REW StaffJanuary 15, 2014January 15, 2014702

After dragging the U.S. economy down for years, the housing sector is now emerging as a major engine of growth. Mark Zandi, chief economist at Moody’s Analytics, said he expects a lot more housing and non-residential construction in 2014. “This will be a significant factor promoting growth,” he said at Monday’s breakfast organized by the New York chapters of the Appraisal Institute and the Counselors of Real Estate. “A key reason why the recovery has been weak so far has been housing."